Unutilized stablecoin balances are now automatically deployed into approved on-chain lending protocols, including Aave and Compound.

Here’s what that means:

Whenever a borrower hasn’t drawn the full stablecoin balance, the remaining undrawn capital is automatically deployed to approved lending markets.

Instead of sitting idle, committed capital continues working on-chain 24/7, automatically, without time delays.

This upgrade introduces an automated, transparent mechanism to enhance capital efficiency and operational needs. Helping lenders generate additional yield while maintaining Clearpool’s risk framework.

More productive capital.

More efficient vaults.

Credit is the operating system of the global economy. It finances trade, inventory, payroll, and growth across nearly every sector. Yet most of this credit still lives in structures that are slow to settle, hard to access, and difficult to make liquid.

Clearpool is the tokenization engine that turns trillions of dollars in static real-world credit into active, liquid capital. Engineered for trust, the protocol serves as the invisible infrastructure layer powering the on-chain economy.

Powering the On-Chain Economy

Clearpool is taking a long-term view and doubling down on its mission to bridge the $16 trillion Real World Asset (RWA) market and on-chain liquidity. In strategic partnership with Hex Trust, Clearpool combines licensed institutional custody with DeFi composability to support the next phase of tokenized yield.

1) The Product Engine: Structured Yield Vaults

Clearpool is continuing to build its product layer, focusing on engineering vaults that transform underlying economic activity into structured, on-chain yield products. The objective is a unified interface that enables digital capital to access diverse yield sources without requiring a bespoke integration for each product.

These vaults are designed to span multiple categories:

• Government debt, starting with U.S. T-bills, is a foundational, low-risk building block.
• ➡️ USDX T-Pool
• Private credit, including corporate credit, payment financing, and invoice financing.
• ➡️ Dynamic Pools, Clearpool Prime, and Credit Vaults
• Fund strategies, including market-neutral approaches such as delta-neutral and basis trading structures.
• ➡️ X-Pool
• Commodities and currencies, enabling yield generation on idle assets, including Bitcoin, gold, and EUR or other fiat-based exposures.
• ➡️ Coming soon

This expands Clearpool beyond tokenized credit alone, while maintaining a consistent structuring approach across product types.

2) The Intelligence Core: Asset-Level Validation

To scale tokenized yield sustainably, allocators need more than a headline APY; they also need verifiability of the yield source and clarity on risk.

Clearpool’s roadmap emphasizes asset-level transparency and validation as the basis of trust. Through its partner network, anchored by Cicada and Hex Trust, Clearpool is building a system where performance, collateral, and risk signals are grounded in verifiable data.

A practical outcome of this approach is clearer segmentation into risk buckets. Rather than treating tokenized yield as a single undifferentiated category, Clearpool enables allocators to choose exposure across defined profiles, from lower-volatility returns such as government debt to higher-return opportunities such as fintech-originated credit or structured trading strategies.

3) The Liquidity Multiplier: Active Capital Through Tokenization

A core design decision in the Clearpool architecture is ensuring that capital remains productive and flexible.

Instead of locking allocators into static contracts, Clearpool tokenizes each position, issuing a cpToken representing a share of the underlying vault. This turns yield exposure into a portable financial primitive that can be held, transferred, and ultimately integrated into broader on-chain workflows.

As secondary markets mature, this structure is intended to expand the utility of yield positions, enabling them to serve as composable building blocks across DeFi and treasury systems.

4) Seamless Distribution: Embedded Finance via the Clearpool Suite

On-chain yield will not reach its full potential if distribution remains limited to crypto-native users. The next wave of adoption depends on embedding yield into products people already use.

Clearpool’s roadmap addresses this through an infrastructure-first distribution strategy focused on B2B2C integration. The Clearpool Suite is being developed as an API layer that fintechs, neo-banks, and corporate treasury platforms can integrate to offer risk-adjusted yield within familiar user experiences.

The guiding principle is that the end user should focus on returns and risk selection, not on protocol complexity. Clearpool handles the structuring, tokenization, and compliance complexity so partners can focus on distribution and customer trust.

5) The Universal Layer: Interoperability Across Chains

The on-chain economy is increasingly multi-chain. Liquidity, users, and applications do not exist on a single network, and yield products must be able to move accordingly.

Clearpool’s roadmap emphasizes interoperability as a core end state, enabling its suite of vaults and assets to operate consistently across supported networks. This is essential for allocators, integrators, and institutions that manage capital across multiple ecosystems.

Execution Roadmap

Clearpool is strengthening its platform with the launch of the Cicada data layer for asset validation, alongside protocol upgrades that support next-generation Credit 2.0 (RLOC) vaults and non-credit assets. These upgrades also enable more sophisticated strategies and fund-based structures.

On the asset front, the integration of Hex Trust’s custody infrastructure expands support for commodities vaults, including exposure to gold and BTC. This is complemented by an expansion into multi-currency yield vaults, introducing EUR and other fiat-based products.

Utility is enhanced by enabling secondary markets, improving cpToken liquidity and composability across the ecosystem. In parallel, dedicated strategy vaults are being introduced to support fund-based yield structures with greater precision and flexibility.

At scale, the platform is delivering live embedded-yield integrations with non-crypto fintech partners via API distribution. These integrations are supported by full interoperability, allowing Clearpool’s suite of assets to operate seamlessly across all supported chains.

The End State: Tokenizing The Real Economy into On-chain Liquidity

Clearpool’s roadmap is ultimately about building an infrastructure layer where real economic activity can be structured into transparent, risk-managed products, then distributed as liquid assets that function across the on-chain economy:

• Originators, such as fintechs, funds, and treasuries can structure and tokenize liabilities efficiently.
• Allocators, from institutions to retail users, can access standardized yield products aligned to defined risk profiles.
• Clearpool serves as the bridge, enabling a seamless flow of value between real-world economic activity and on-chain capital markets.

As on-chain finance matures, the most enduring systems will be those that provide trust, distribution, and real-world utility at scale.

About Clearpool

Clearpool is the tokenization engine that turns trillions of dollars in static real-world credit into active, liquid capital. By bridging real-world utility with DeFi composability, Clearpool serves as the invisible infrastructure layer powering the on-chain economy.

With nearly $1B in total origination, Clearpool has established itself as a premier venue for on-chain credit. Since launching in 2021, the protocol has enabled vetted institutions to raise liquidity through permissionless and permissioned vaults. The borrower network has evolved from top trading firms such as Jane Street, Flow Traders, and Wintermute to include a diverse range of global fintech originators.

Originally launched on Ethereum, Clearpool acts as a universal liquidity layer across major blockchain networks, including Optimism, Base, Arbitrum, Mantle, Plume Network, and Plasma.

Website | X | Telegram | LinkedIn | Medium | Discord

Bitcoin (BTC) has established itself as the flagship crypto asset. It sits on corporate balance sheets, underpins listed funds and ETPs, and is held in institutional custody as digital reserve collateral. For many investors, the question is no longer whether to hold BTC, but how much.

From a yield perspective, however, Bitcoin remains largely unproductive. While cash and stablecoins now earn attractive returns in money markets, treasuries, and short-term credit, BTC holders still rotate between incentive-driven protocols, trading strategies, and basic RWA carry. None of these, on their own, offer the durability and cash flow profile a true yield layer requires.

The Structural Gap In Current Bitcoin Yield

Most BTC yield today comes from some combination of ecosystem incentives, trading/funding strategies and RWA-based carry.

Incentive-driven yield is the most visible. Wrapped BTC is deposited into protocols that advertise high returns, but those returns are largely funded by token emissions, liquidity mining, and ecosystem grants. This can bootstrap liquidity, yet it is reflexive and cyclical. When incentives fall, or markets turn risk-off, yields compress quickly, with no lasting link to real economic activity.

Trading and funding-rate strategies form the second pillar. BTC is posted as collateral to borrow stablecoins, which are then deployed into basis trades, perpetual futures funding strategies or other delta-neutral structures. These are genuine sources of BTC-linked income and a core part of many institutional toolkits. The limitation is that, as capital crowds into similar trades, spreads and funding rates narrow, and a meaningful share of the remaining return is absorbed by borrow costs, fees and operational overhead. They work well as part of a diversified BTC yield stack, but are difficult to treat as a standalone, long-term yield engine.

The third source is RWA yield, where BTC is collateralized to gain exposure to assets such as treasury bills or private credit. In theory, this imports traditional yield into a BTC stack. In practice, government bond returns are often too low to justify collateral, on/off-ramp friction and BTC volatility. Private credit may pay more, but is typically illiquid and slow to unwind, making it hard to align with on-chain collateral management and rapid price moves. Managing liquidations, rebalancing and risk becomes operationally heavy.

Taken together, these approaches still do not provide a scalable, structural answer to how Bitcoin, as reserve collateral, should earn yield.

Bitcoin Is A Treasury Asset Requiring Treasury-Grade Yield.

Bitcoin is no longer just a speculative trade. It appears on corporate and fund balance sheets, in ETPs and trusts, and in the strategic plans of financial institutions exploring digital assets.

At the same time, the broader market is building rails for sustainable, non-incentive yield. Stablecoins and tokenized credit are already used to finance short-term working capital, support cross-border settlement and provide Foreign Exchange (FX) liquidity. Persistent demand for digital dollar credit exists, but it mostly resides in the stablecoin and credit layer rather than at the BTC asset layer.

What is missing is a bridge that turns BTC into productive collateral for these flows and channels a share of that income back to BTC holders. Bitcoin needs a yield layer that looks like treasury infrastructure, not a rotating sequence of reward programs and opportunistic trades.

PayFi: Using Stablecoin Credit To Build Structural BTC Yield

PayFi refers to the financing of traditional payments using stablecoins.

Instead of relying on slow, fragmented legacy rails, businesses can access short-term stablecoin credit to fund payments, receivables and FX flows through stablecoin-based infrastructure. Lenders earn a return that reflects real demand for liquidity in global payment and FX markets.

For BTC holders, this offers what the current structure lacks:

• Yield driven by payment and FX activity rather than protocol emissions
• Short-tenor, naturally more liquid exposures compared with most traditional private credit
• A structure that can sit inside regulated, transparent institutional products

If BTC operates as collateral that unlocks stablecoin liquidity for PayFi and FX flows, BTC yield becomes a function of real economic throughput, rather than token budgets or crowded trades.

This is the design space Clearpool is focused on: using PayFi and stablecoin credit to build a structural yield layer around Bitcoin, aligned with the way institutions already think about treasury and working capital.

Clearpool has launched its first Revolving Line of Credit (RLOC) Vault with OvalFi, a unified gateway to alternative financial services for fintechs, institutions, and enterprises across emerging markets.

The vault, launched on Ethereum, expands Clearpool’s PayFi credit rails by directing institutional capital into short-term, transaction-backed stablecoin payment financing that powers OvalFi’s cross-border flows.

This facility is structured as a Senior Revolving Facility with Oval Labs Inc. as the borrower and Cicada Partners Inc. as the administrative and monitoring agent acting on behalf of lenders. The RLOC Vault provides up to $10 million of credit capacity, combining Clearpool’s open-yield marketplace, OvalFi’s payment infrastructure, and Cicada’s institutional-grade risk management framework.

Unlike fixed-term facilities that assume balances are fully drawn, the RLOC Vault is utilization-based. Borrowers pay interest only on drawn capital while undrawn commitments earn a tiered commitment fee for lenders, improving capital efficiency without sacrificing credit quality.

“RLOC Vaults are designed to match how modern payment companies actually use working capital,” said Steven Wu, COO of Clearpool. “By partnering with OvalFi, we can channel institutional liquidity into high-frequency payment flows in Africa and beyond, where demand for efficient dollar liquidity is strongest.”

Institutional Capital Meets Cross-Border Stablecoin Rails

Clearpool aggregates institutional debt capital through its Open Yield Infrastructure and directs it into real-world credit facilities, such as OvalFi’s Senior Revolving Facility.

For Oval Labs, the RLOC Vault provides a scalable source of working capital to support outgoing client transactions after funds and compliance documentation have been fully received. This structure aligns lender capital with Oval Labs’s payment corridors while maintaining strict controls over fund flows and collateral.

Vault Details

• Vault Name: OvalFi PayFi RLOC Vault
• Network: Clearpool PayFi marketplace on Ethereum
• Asset: USDT
• Facility Type: Senior Revolving Facility (RLOC)
• Facility Size: Up to $10M
• Initial Drawdown: $1M
• Commitment Period: 6 months, evergreen structure with a 180-day minimum commitment and ongoing availability subject to performance
• Interest on Utilized Capital: 16.5% APR, paid monthly on drawn amounts
• Commitment Fee on Undrawn Capital: 2.5% to 6% APR, based on monthly utilization bands (higher fee at lower utilization)
• Withdrawal: 30-day advance notice after the minimum commitment period
• Amortization: None; fully revolving structure
• Prepayment: Permitted without penalty
• Interest Payments: Monthly
• Fees: Standard Clearpool platform and administrative fees (Cicada)

The OvalFi RLOC Vault is structured as a senior-secured revolving facility with a first lien on all of the borrower’s assets, providing lenders with priority claims over the collateral.

For Clearpool lenders, this means exposure to:

• Short-term, revolving payment financing tied to real client transactions
• A first-lien, senior secured position with controlled collection accounts and monitored flows
• A tiered yield profile that pays on both utilized and unutilized capital through interest and commitment fees
• A regulated borrower building infrastructure for cross-border and alternative financial services in emerging markets
• Institutional-grade monitoring, covenants, and ongoing performance reporting via Cicada

Reinventing Cross-Border Liquidity With Revolving Stablecoin Credit

Cross-border payment providers and fintechs often rely on pre-funded accounts to deliver instant payouts across multiple currencies and corridors. Industry estimates suggest that roughly $27 trillion is trapped in such pre-funded balances globally, tying up working capital and constraining growth. By combining Clearpool’s institutional capital marketplace, OvalFi’s alternative finance gateway, and a revolving credit architecture, the OvalFi RLOC Vault aims to unlock that trapped liquidity.

For lenders, it offers access to real-world, high-frequency stablecoin payment activity with a structured, senior-secured risk profile and improved capital efficiency via commitment fees. For OvalFi and its clients, it provides flexible working capital to settle payments and support customers across African and global corridors without maintaining oversized, idle pre-funding buffers.

About Oval Labs

OvalFi operates a comprehensive gateway to alternative financial services, giving fintechs, financial institutions, and enterprises a single API to access payments, banking, and card issuing across emerging markets. Through its platform, businesses can connect emerging markets to global financial systems, facilitate cross-border settlements via stablecoins, and streamline treasury operations, all through one integration.

Oval Labs Inc. operates as a holding company based in Delaware, USA, overseeing a network of specialized subsidiaries. The company’s core entities include Torus Mara Finance Inc. (Canada), Torus Financial Limited (UK), and Torus Financial LLC (USA). The company maintains compliance with critical industry certifications and pursues additional regulatory licenses to support ongoing international expansion and secure financial operations.

About Cicada

Cicada Partners is an institutional credit risk and servicing platform with deep expertise in underwriting, facility administration, covenant monitoring, and cash-flow oversight for private credit markets. Backed by a team experienced in structured credit and lending operations, Cicada delivers the governance and reporting standards required by institutional lenders. As administrative and monitoring agent on Clearpool credit facilities, Cicada provides independent oversight and disciplined risk management to PayFi lending.

If you would like to lend to OvalFi through this RLOC Vault, please reach out to us at bd@clearpool.finance

Building the Credit Layer for the Stablecoin Economy

As we enter 2026, Clearpool stands at a defining moment in its evolution as on-chain credit infrastructure for the stablecoin economy. To date, the protocol has facilitated $924.4 million in total loans originated, reflecting sustained demand, growing trust, and consistent utilization across the ecosystem. Alongside this growth, Clearpool has reached $67.2 million in total value locked (TVL) and distributed $10.75 million in interest to lenders, underscoring the strength of its yield-generating model.

As stablecoins continue to scale across payments, trading, and real-world financial applications, demand for real, sustainable yield remains strong. Clearpool is meeting this demand by providing institutional-grade credit and short-term liquidity, ensuring capital remains productive as stablecoins become an increasingly foundational layer of global finance.

Bridging Traditional Capital and Stablecoins

2025 marked a pivotal year for Clearpool as the protocol doubled down on its core mission: building a seamless bridge between traditional capital markets and the stablecoin economy. Beyond continued growth in institutional lending, the year saw Clearpool expand meaningfully into real-world payment flows, providing receivables-backed financing to remittance providers and cross-border fintechs.

Stablecoins are rapidly reshaping how value moves across borders, platforms, and networks. Clearpool is building the credit layer that enables this transformation,unlocking short-term liquidity, improving capital efficiency, and ensuring funds can move continuously in a global, always-on financial system.

Products: Scaling Institutional-Grade Stablecoin Yield

USDX T-Pool

Generating real-world yield on stablecoins remained a central focus throughout 2025. One of Clearpool’s flagship products, the USDX T-Pool, continued to gain traction, reaching new all-time highs in TVL. Its growth reflects strong demand for transparent, low-volatility yield products backed by institutional credit activity.

X-Pool

Building on the success of the T-Pool, Clearpool launched X-Pool in partnership with Hex Trust. X-Pool represents a new chapter in stablecoin yield, providing on-chain investors with access to institutional-grade, market-neutral strategies designed to deliver sustainable returns.

X-Pool is purpose-built for stablecoin holders seeking consistent performance without excessive volatility. The vault dynamically balances traditional and crypto-native yield sources within a single structure.

Credit Vaults & Revolving Lines of Credit

A first of its kind Credit Vault was also introduced, featuring a revolving line of credit (RLOC) structure tailored for institutional borrowers.

While fixed-term loans are well-suited for static funding needs, they are less efficient for desks with variable or seasonal liquidity requirements, where interest is paid on unused capital. Clearpool’s RLOC model addresses this inefficiency by allowing borrowers to draw capital as needed and pay interest only on the amounts they utilize. The first RLOC vaults are scheduled to launch soon.

Clearpool Prime: Institutional Lending at Scale

Clearpool Prime is the protocol’s permissioned institutional lending and borrowing platform, designed for whitelisted counterparties and built to bring established credit practices fully on-chain. Prime is live across Ethereum, Polygon, Arbitrum, Optimism, and Avalanche, providing broad access to institutional DeFi liquidity.

Institutional lenders on Prime benefit from full transparency into utilization, performance, and repayment. As we enter 2026, Total Loans Originated (TLO) on Prime has surpassed $300 million, marking a significant milestone in the adoption of institutional-grade on-chain credit.

New Chain Expansions

Since its inception, Clearpool has embarked on a multi-chain strategy as a core priority, continuously evaluating new ecosystems and strategic partnerships to expand access to on-chain credit.

Plume Network

2025 marked the deployment on Plume Network, the first full-stack blockchain built specifically for Real World Asset Finance (RWAfi). This integration accelerates tokenization, improves yield accessibility, and enables on-chain scaling of real-world credit.

Plasma

Institutional credit was also extended to Plasma, a purpose-built blockchain for stablecoins. To support this initiative, the Plasma Foundation awarded Clearpool $400,000 in XPL as strategic ecosystem funding. This support will be deployed through liquidity mining programs, deep protocol integrations, and ecosystem incentives to drive adoption and TVL growth. The deployment and launch on Plasma is set to go live in the coming months.

Borrower Highlights

Onboarding high-quality borrowers remains a core priority for Clearpool. Key highlights include:

• Monarq Asset Management launched on Clearpool Prime
• Ola Labs became the inaugural borrower on Plume and launched the first Fintech Vault on Plume Network
• Flow Traders expanded borrowing activity on Clearpool Prime, including a $10M loan

Partnership Highlights: Cicada

One of the most significant partnerships in the second half of 2025 was with Cicada, an on-chain credit risk advisory and management firm founded by experienced buy- and sell-side credit professionals.

Cicada’s team has previously underwritten $850M+ in loans with a 1.2% default rate and now provides Risk-as-a-Service (RaaS) for institutional DeFi. Their offerings include third-party underwriting, pool and risk management, and credit structuring and advisory services.

This partnership plays a critical role in institutionalizing on-chain lending by embedding robust, transparent risk management into Clearpool’s credit ecosystem.

CPOOL Token

On the token side, Clearpool continued to expand global accessibility of its native token (CPOOL) through strategic exchange listings. In Q4, CPOOL was listed on Upbit and Bithumb, two of South Korea’s largest digital asset exchanges, as well as Bitpanda, one of Europe’s leading digital asset platforms.

Clearpool also entered a strategic partnership with KODA (Korea Digital Asset Custody Co., Ltd.), jointly established by KB Kookmin Bank, Hashed, and Haechi Labs. This partnership represents a major step forward in Clearpool’s expansion within the Korean institutional market.

CPOOL will also be integrated into KODA’s custody platform, providing institutions with secure, compliant access to Clearpool’s ecosystem. The integration paves the way for future participation in governance, staking, and liquidity initiatives through KODA’s regulated framework.

Looking Ahead to 2026

As Clearpool moves into 2026, the protocol does so with strong momentum across its core pillars. With over $924.4 million in loans originated, Clearpool has demonstrated clear demand for institutional-grade, on-chain credit and sustainable yield.

Looking forward, Clearpool will focus on scaling its credit infrastructure to meet the evolving needs of institutional borrowers and lenders as stablecoins continue to embed themselves in global financial markets. With new product launches, deeper ecosystem integrations, and enhanced risk management on the horizon, Clearpool is well-positioned to drive the next phase of institutional stablecoin finance and on-chain capital markets.

Stay tuned for the release of our updated 2026 vision and roadmap, as we position the protocol for the next phase of expansion across institutional stablecoin finance and on-chain capital markets.

Global credit and settlement are quietly migrating onto public blockchains, and institutions are now moving with them. Hybrid Finance (the intersection between Traditional Financial Infrastructure and Crypto Ecosystems) is rapidly emerging as the next major phase in the evolution of global financial markets.

As public blockchains, institutional capital, and traditional financial rails continue to converge, Hybrid Finance is accelerating across several core pillars, each of which Clearpool is focused on:

• Tokenisation of real-world assets
• Stablecoins as global settlement rails
• Institutional participation on public chains
• The rise of revenue-generating on-chain financial applications

According to data from CoinShares, tokenised real-world assets have grown from ~$15B in early 2025 to more than $35B today. Among all categories, private credit stands out as the fastest-growing category, where Clearpool is already a market leader.

In 2025 alone, the strongest traction has been in the two sectors that the Clearpool protocol focuses on: its private credit marketplace and the USDX T-Pool.

• Private credit: ~$9.85B to ~$18.58B
• US Treasury debt: ~$3.91B to ~$8.68B

Both segments doubled in 2025, signalling a structural shift toward on-chain financial markets.

According to CoinShares. “2026 is shaping up to be the first true execution phase for corporate stablecoin adoption”, unlocking even broader institutional participation.

As tokenisation enters its next expansion cycle, Clearpool is uniquely positioned:

✔ Purpose-built for institutional-grade on-chain credit with $900M+ Total Loans Originated
✔ Proven market traction in Private Credit, the fastest-growing RWA vertical
✔ Growing ecosystem and products to earn US Treasury Yield on stablecoins
✔ A robust ecosystem bridging TradFi standards with DeFi infrastructure
✔ Scalable architecture aligned with where Hybrid Finance is headed

As the growth of Hybrid Finance continues into 2026, Clearpool’s role is straightforward: offer institutions a reliable way to originate, manage, and access on-chain credit. We are building the core infrastructure powering the next wave of on-chain finance.

Read the full report from CoinShares here.

Institutional credit is increasingly conducted on-chain, yet many borrowers still rely on fixed-term loans built for more static funding needs. While these structures work when liquidity requirements are stable, they are less efficient for desks with variable or seasonal demand since interest is paid on the full notional amount regardless of actual utilization.

Clearpool’s new Credit Vaults introduce a revolving line of credit (RLOC) structure tailored to this setting.

Borrowers draw and repay in line with their liquidity needs, while lenders earn on the full commitment through a combination of utilization and undrawn economics, with the option to deploy unutilized balances into approved on-chain lending protocols. This enables Credit Vaults to align costs and returns more closely with real usage, creating a more efficient structure for both borrowers and lenders.

How the RLOC Structure Works

The new Credit Vaults operate similarly to a traditional revolving facility: the borrower receives a committed line and draws as required.

Each facility is configured with a maximum capacity, pricing parameters, utilization rules, and a whitelist of lending protocols such as Aave and Compound where any unutilized capital will be deployed.

By design, capital in an RLOC Vault is either:

• Utilized as a loan to the borrower, or
• Deployed into money markets as a liquidity provider.

Whenever the borrower has not drawn the full line, the remaining undrawn capital is automatically supplied to approved lending markets.

LP tokens remain in the vault and are automatically redeemed when the borrower requests additional liquidity. All yield (whether from borrower interest, undrawn fees, or external deployment) accrues to the pool and is reflected in lender returns.

This structure preserves the operational simplicity of a line of credit while adding a controlled, transparent mechanism for making committed capital more productive.

Comparative Example: Fixed Term Loan vs. RLOC Vault

Consider a $10M facility where the borrower only requires $5M of liquidity.

1. Fixed Term Loan (100% drawn)
With a fixed-term loan, the borrower draws the full $10M on day one and pays a single rate on the entire amount, even though they only use $5M.

Assume a borrow rate of 11%:

• Borrower cost: 11% APR
• Lender yield: 11% APR

2. Clearpool RLOC Vault
With a Clearpool RLOC Vault, the same $10M is committed, but the borrower only draws what they need. Any unutilized capital is automatically deployed into money markets such as Aave and Compound.

Assume:

• Utilized rate: 15%
• Undrawn fee: 4%
• DeFi yield on undrawn capital: 4%
• Average utilization: 50% ($5M drawn, $5M undrawn)

Borrower cost: 0.5 x 15% + 0.5 x 4% = 9.5%

Lender yield: 0.5 x 15% + 0.5 x (4% + 4%) = 11.5%

Side-By-Side Comparison

In other words, the RLOC structure enables borrowers to achieve a lower effective borrowing cost at the same time as lenders earn a higher effective return on the same $10M commitment.

Enhanced Yield Profile for Lenders

In a fixed-term loan, lenders earn a single, fixed rate on the full notional. The return is predictable but does not respond to utilization patterns.

Credit Vaults create a more attractive yield structure:

• A differentiated rate on utilized capital that reflects the flexibility given to the borrower.
• A low-risk DeFi yield on all unutilized capital, which is continually deployed into overcollateralized lending markets such as Aave and Compound.
• Undrawn fees paid by the borrower on committed but unused capital.

Because unutilized balances are always in money markets rather than sitting idle, lenders earn across the entire facility regardless of how much the borrower draws at any given time. The result is an effective return profile that can exceed that of a comparable fixed-term loan, while preserving clear, facility-level risk parameters.

Flexible Liquidity for Borrowers

While the vault is designed to improve lender yield, it simultaneously provides borrowers with operational and economic benefits.

Borrowers draw only what they need and repay as conditions change, instead of paying full-rate carry on an amount that may not be consistently deployed. The facility maintains buffers and automatically manages redemptions from external protocols, ensuring liquidity remains predictable within the parameters defined for that vault.

This pay-as-you-go structure is particularly well-suited to desks with variable or seasonal funding needs, where liquidity requirements can shift meaningfully over time.

A More Aligned Framework for On-Chain Credit

Clearpool’s new Credit Vaults represent a structured evolution of institutional on-chain credit. By combining the flexibility of a revolving facility with mechanisms that keep committed capital productive, they create a model in which borrower usage patterns and lender returns are naturally aligned.

As on-chain credit markets mature, structures that balance liquidity, efficiency, and transparency will define the next phase of institutional adoption. Credit Vaults are designed to meet that standard, delivering a more adaptive foundation for stablecoin-based credit for both lenders and borrowers.

Clearpool has entered a strategic partnership with KODA (Korea Digital Asset Custody Co., Ltd.), Korea’s leading digital asset custody platform, jointly established by KB Kookmin Bank, Hashed, and Haechi Labs.

The partnership represents a significant step forward in Clearpool’s growth in Korea, following its participation at Korea Blockchain Week 2025 and the listing of CPOOL on both the leading Korean exchanges, Upbit and Bithumb.

Institutional Access Through Custody Integration

As part of the partnership, Clearpool and KODA will work closely together to expand access to Payment Financing (PayFi) in Korea, with KODA helping Clearpool navigate the local industry landscape and educate institutions on the benefits and applications of regulated on-chain credit.

Clearpool’s native governance and utility token CPOOL will also be integrated into KODA’s custody platform, providing institutions with secure, compliant access to Clearpool’s ecosystem. The integration paves the way for future participation in governance, staking, and liquidity initiatives through KODA’s regulated framework.

KODA delivers secure and compliant custody and digital asset management services to many of Korea’s top financial institutions and corporations. The company currently commands approximately 80% of the nation’s crypto custody market.

Bringing Regulated Credit to Korea

Under Korea’s digital-asset framework, all institutions engaging with crypto must operate through licensed custodians. Partnering with KODA enables Clearpool to expand its PayFi ecosystem and short-duration, stablecoin credit infrastructure within this regulated environment. Through KODA’s custody and compliance capabilities, Korean financial institutions and fintechs can gain exposure to Clearpool’s ecosystem while meeting the country’s regulatory and security standards.

“KODA’s position within KB Bank and its regulatory alignment make it an ideal partner as Clearpool expands PayFi in Korea’s growing market, which is very crypto-friendly,” stated Jakob Kronbichler, CEO & Co-founder of Clearpool. “Together, we are enabling institutions to participate in on-chain credit within a secure and compliant framework.” Jin-seok Cho, CEO of KODA added “KODA has safeguarded digital assets with the highest standards of compliance and custody technology. Our partnership with Clearpool marks an important starting point for projects to operate and scale more safely on a regulatory-aligned infrastructure.”

“KODA has safeguarded digital assets with the highest standards of compliance and custody technology. Our partnership with Clearpool marks an important starting point for projects to operate and scale more safely on a regulatory-aligned infrastructure,” commented Jin-seok Cho, CEO of KODA

With this partnership, Clearpool and KODA set the stage for regulated, institutional-grade access to DeFi in Korea, empowering financial institutions to participate confidently in the growing PayFi ecosystem Clearpool is pioneering.

Stablecoins have evolved from a trading instrument into a core part of institutional liquidity management.

Across market makers, trading firms, and fintech platforms, they now function as working capital powering settlement, hedging, and round-the-clock operations across global markets.

Over the past year, stablecoin supply has surged to more than $297 billion, driven by growing adoption in trading, payments, settlements, and treasury operations. As this shift accelerates, institutions increasingly require credit denominated in stablecoins. Traditional bank lines and repo facilities remain tied to legacy systems, while digital asset firms manage liquidity natively on-chain.

The market needs a scalable, compliant framework that connects professional borrowers with capital providers under clear risk and governance standards.

Prime Delivers The Framework

Clearpool Prime is a permissioned institutional lending and borrowing platform for whitelisted counterparties, bringing established credit practices on-chain. It is live on Ethereum, Polygon, Arbitrum, Optimism, and Avalanche.

Since launch in August 2023, Prime has originated over $273 million in loans to leading market makers and trading firms such as Flow Traders, Ouroboros Capital, Bastion Trading, operating within defined risk and compliance parameters. Institutional lenders deploy capital into opportunities with full visibility into utilization and repayment performance.

Together, they form a functioning institutional credit market built natively on stablecoin rails.

How Clearpool Prime Works

All participants (both borrowers and lenders) must complete KYC/KYB and AML checks before onboarding.

Borrowers can launch customized pools with fixed parameters, while lenders are invited to provide stablecoin liquidity in USDC/T directly to those institutional borrowers.

Prime’s design supports a range of institutional use cases:

• Customizable pools: Borrowers set pool size, tenor, and fixed rate at creation
• Rolling loans: Borrowers may extend a pool’s duration shortly before maturity, with lenders free to opt in or out of the extension
• Call backs: Lenders can request early withdrawal; if borrowers choose to repay, interest is paid only for the elapsed period

All loans on Prime are originated via audited smart contracts, and funds move directly between lender and borrower wallets.

From Traditional Credit to On-Chain Markets

Short-term credit and unsecured lending are well-established in traditional money markets. What has been missing is an infrastructure capable of replicating these mechanisms natively in stablecoins.

Clearpool Prime provides the infrastructure. Borrowers can fund operations directly in stablecoins without off-ramping, while lenders access yield opportunities backed by real institutional activity. Loan performance, utilization, and yield accrual are observable in real time, creating a verifiable and data-driven credit environment.

A Core Component of On-Chain Financial Infrastructure

Clearpool Prime underpins the credit layer of the stablecoin economy. It connects three essential flows:

• The supply of stablecoins as digital liquidity
• The demand for institutional credit to finance trading and operational activity
• The creation of risk-adjusted yield for capital providers

By unifying these components within a regulated environment, Prime functions as an on-chain equivalent of global money markets, a 24/7 venue where capital and credit move seamlessly. The data produced through Prime’s operations also forms the basis for future developments, such as on-chain credit scoring, portfolio securitization, and structured yield instruments built from verified borrower performance.

Looking Ahead

Stablecoins are becoming integral to institutional liquidity and treasury functions. As adoption deepens, so too will the demand for credit infrastructure that operates with the same standards of compliance and transparency.

Clearpool Prime demonstrates that institutional credit can already operate effectively on-chain with the rigor of TradFi. It represents a world where digital liquidity and institutional credit operate within one transparent, global framework.

X-Pool opens a new chapter for stablecoin yield, giving on-chain investors access to institutional-grade market-neutral strategies that generate sustainable returns.

Designed for stablecoin holders seeking consistent performance without excessive volatility, X-Pool dynamically balances traditional and crypto-native yield sources within a single vault.

Deposit stablecoins on Flare Network and receive yUSDX, a yield-bearing token that provides flexibility and composability across the Flare ecosystem.

Every position in X-Pool is managed by HT Markets’ seasoned trading team, applying disciplined risk management and diversified execution to ensure capital efficiency and stability..

X-Pool is now open for deposits.

Start earning sustainable yield today:
https://vaults.clearpool.finance/vault?address=0x6b9e9d89e0e9fd93eb95d8c7715be2a8de64af07